RFMD (Greensboro, N.C.) reported sales of $254.8 million for its second quarter of fiscal 2010, ended in September, up 20 percent compared to the previous quarter, but down 6 percent compared to the year-ago period. RFMD posted a net income in accordance with generally accepted accounting principles (GAAP) of $14.6 million for the quarter, compared to a net income of $4.8 million in the previous quarter and a net loss of $14.2 million in the year-ago quarter.

RFMD said it believes its overall business environment is improving and that the company is experiencing strong demand from its cellular customers and significantly improved order visibility in its Multi-Market Products Group's primary markets. RFMD said it expects its December-quarter sales and earnings per share to increase sequentially, adjusting for the fact that the December quarter is a 13-week quarter, compared with 14 weeks for the September quarter.

Flash memory vendor SST (Sunnyvale, Calif.) reported third-quarter sales of $71.3 million, up 23 percent compared to the second quarter, but down 23 percent compared to the third quarter of 2008. Net income for the quarter was $3.1 million, or 3 cents per share, compared to a net loss of $6.4 million in the second quarter and a net income of $4.9 million in the third quarter of 2008, SST said.

"Seasonally strong demand in NOR flash memory, as well as a stabilizing pricing environment, resulted in healthy sequential growth in unit shipments and improved product revenues across all four of our application segments," said Bing Yeh, SST CEO, in a statement.

SST said it expects fourth-quarter revenue to be between $67 million and $72 million. The company said its fourth-quarter net income per share is expected to be between 0 and 3 cents.

Chip test and assembly firm Amkor (Chandler, Ariz.) said third-quarter sales were $616 million, up 22 percent sequentially and down 14 percent year-to-year. Third-quarter net income was $81 million or 31 cents per share, compared to $9 million or 5 cents per share per share in the second quarter and a net income of $29 million or 16 cents per share in the third quarter of 2008, Amkor said.

Amkor said it expects fourth-quarter sales to be flat compared to the third quarter, plus or minus 2 percent.
"As the global economy continues to improve, we are prudently investing in expanding capacity for our advanced interconnect technologies in close alignment with customer product roadmaps," said Ken Joyce, Amkor CEO, in a statement.